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Sonic R. System

  • #62,681
  • Nov 26, 2013 10:25am Nov 26, 2013 10:25am
NZD/USD: Looking bearish

Daily TF:

  1. We can see that a H&S formation has formed
  2. I had a previous trade on shorting this pair but I exited with a profit! banked pips baby!!
  3. I wanted to see if price broke and retraced back to the neckline and respected that resistance level before re-entering the trade (which it has) based on the H&S potential downwards drop

H4 TF:

  1. We can see in closer detail that price broke the neckline with increased volume
  2. At this point price had respected the neckline numerous times and then retraced upwards (MMs getting higher better prices for their shorts)
  3. Price has since gone back down to below the neckline on lowered trading

H1 TF:

  1. higher volume trading occurs after price is pumped up above the neckline. Possibly loading up shorts??

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  • #62,682
  • Nov 26, 2013 10:55am Nov 26, 2013 10:55am
EJ, More Proof of Bears:

But, the day is winding down. So, maybe tomorrow will bring some more moves. For EU, GU, EJ and GJ today has just been the MMs milking the cow drier (translation: The MMs continue to try and suck in longs to get the liquidity they need for shorting).
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  • #62,683
  • Nov 26, 2013 11:54am Nov 26, 2013 11:54am
Quoting loeil
{quote} Totally pointless to look volume on D1 chart!!!! Same as looking volume on 30sec chart It is not a stock market!
SERIOUSLY???
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  • #62,684
  • Nov 26, 2013 12:00pm Nov 26, 2013 12:00pm
Quoting LITEchild
{quote} SERIOUSLY??? {image}
Feel free and go and buy EJ Happy longs to you
Whatever is obvious is obviously wrong!"
  • #62,685
  • Nov 26, 2013 12:15pm Nov 26, 2013 12:15pm
hi everyone ı am new at forex and thanks all of you for sharing.
ı need a help about sonıc.
ı try to fınd sonıc ccı ( ı downloaded ındıcators and templates at the fırst page) but ccı not workıng ın my mt4
anybody can help me?
thanks for reply
  • #62,686
  • Nov 26, 2013 12:17pm Nov 26, 2013 12:17pm
Quoting loeil
{quote} Feel free and go and buy EJ Happy longs to you
Longs are very valid technically and volume wise as far as 139.00. And Im in.(Until the charts tell me otherwise).
...by the way, your attitude sucks. Thats the kind of attitude that discourages people from participating more openly on FF instead of lurking silently.
Put your charts where your mouth is.
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  • #62,687
  • Edited 12:39pm Nov 26, 2013 12:23pm | Edited 12:39pm
Quoting LITEchild
{quote} Longs are very valid technically and volume wise as far as 139.00. And Im in.(Until the charts tell me otherwise). ...by the way, your attitude sucks. Thats the kind of attitude that discourages people from participating more openly on FF instead of lurking silently. Put your charts where your mouth is. {image}
Yes I agree with you, if longs are very valid then feel free and buy! No one can't deny you do that!

The bigger problem is that you just see the one big volume and nothing else on your chart! No background, no candles, no support/resistance.

Maybe you should look more closely those post:
Quoting traderathome
EJ, More Proof of Bears: But, the day is winding down. So, maybe tomorrow will bring some more moves. For EU, GU, EJ and GJ today has just been the MMs milking the cow drier (translation: The MMs continue to try and suck in longs to get the liquidity they need for shorting). {image}
Quoting traderathome
{quote} EJ: The pre-eminent events today have been the two whisks up thru the half number SR, both on and followed by notable volumes, which is a good indication of selling at the highs. And at this point in PA, it is most likely that is selling to build shorts, not close longs, which could well have happened yesterday. In a situation such as this, the choices are Scout long, Scout short, wait. I see Scout long as the least desirable choice. {image}
Quoting traderathome
{quote} EJ: Consistent over time,....highest volumes associated with highest prices, and over the half number SR = PVSRA bears. This is what I am waiting for. And if it happens, and I enter, I sure will not have a SL! I would not put it past these bastards to let it run down a bit and then whisk it back up 50-100 pips to stop out shorts that had jumped in! It might just be the reason they are taking their time here and in a tight range,....to suck in a lot of shorters and give them the confidence to set a tight SL!....... ( MMs= ) {image}
Quoting traderathome
EJ Short Trade Opened: Entered #1, a Classic. No TP, SL at this time. If the MMs push the price back up, especially if they whip it back up towards the whole number, I will insert a supporting Scout,....maybe more than one! {image}
Whatever is obvious is obviously wrong!"
  • #62,688
  • Nov 26, 2013 12:42pm Nov 26, 2013 12:42pm
Quoting loeil
{quote} So?? You really think this "bull" trend doesn't change ever? Btw monthly chart is not bull trend. More like bear trend with reatracement. But if this is a healthy "bull" trend then you can buy EJ now {image}
Do you remember, Loeil? EJ went up another 200 pips since your post during the past few sessions. Ranging currently, that's what I see. And yes, may fall to 137 or even lower - and still remains bullish on daily and above targeting 139+. What about 152 within a few months?
Mind the gap
  • #62,689
  • Nov 26, 2013 12:47pm Nov 26, 2013 12:47pm
Quoting Sunbrella
{quote} Do you remember, Loeil? EJ went up another 200 pips since your post during the past few sessions. Ranging currently, that's what I see. And yes, may fall to 137 or even lower - and still remains bullish on daily and above targeting 139+. What about 152 within a few months?
So what? This is exactly what MM does. Nothing new. Just using PVSRA at the moment and PVSRA shows BEARS signs.

And what about 134 within a few months?

Totally agree with TAH at this EJ bears point.
Whatever is obvious is obviously wrong!"
  • #62,690
  • Nov 26, 2013 12:57pm Nov 26, 2013 12:57pm
Quoting traderathome
{quote} Seriously consider this per your chart. Those two preceding areas of high volume are 300+ and 600+ pips lower. That is plenty of profits they may already have taken, which would account for the latest high volume bar you acclaim! So now, they are loading shorts. This is a tough act to pull off because nobody in their right mind is falling for the market's bull ruse on the YEN pairs, but the MMs (give them credit) are trying to squeeze out every short possible at these high prices, and they will continue to do so until the last long sucker...
Thank you for well thought out, matured and informative analysis. Wish others would emulate your attitude more and not just your charts!
Firstly, I recognize that the latest volume bar I acclaimed could very well be some profit taking(weak in my opinion), which is why any SELL trades now makes sense when taken as COUNTER TREND TRADES! Sonic deejay himself stated as much when he took some shorts earlier. And what better place to get more liquidity than those OBVIOUS stops stacked at 139.00!!! The fact that most traders are bearish right now on EJ in itself should tell you something about the probabilities of seeing 139.00 in the near future, given how malicious you know the MMs to be!!! There is a lot of pain waiting at 139 for traders already shorting now! The MMs know that and would love to bring that pain!!! As long as the trend remains valid and the dragon pushing higher on ALL TIMEFRAMES, I think its simply grasping at flying/falling knives taking any sell trades now as anything other than the counter-trend trades that they are and not trend reversals!!!

Quoting sonicdeejay
{quote} 13 hrs later tp2 hit.. No more ct short holding.. Sonic {image}
  • #62,691
  • Nov 26, 2013 1:28pm Nov 26, 2013 1:28pm
GU - test? Considering all those earlier bearish signs, it seems like possible test or just greed.
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Whatever is obvious is obviously wrong!"
  • #62,692
  • Nov 26, 2013 1:53pm Nov 26, 2013 1:53pm
EU - I'm looking this area for adding shorts.
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Whatever is obvious is obviously wrong!"
  • #62,693
  • Nov 26, 2013 3:05pm Nov 26, 2013 3:05pm
Quoting loeil
{quote} So what? This is exactly what MM does. Nothing new. Just using PVSRA at the moment and PVSRA shows BEARS signs. And what about 134 within a few months? Totally agree with TAH at this EJ bears point.
You say "PVSRA shows BEARS signs". I say "without considering the trend on the higher timeframe". That's why we went another 200 pips higher since your post quoted earlier. It is not aginst you or anyone else, just a simple fact.

Trend on the higher timeframe counts. It is meant to put the current move of the market in context for you - yet, rarely mentioned here. If you see an instrument that has recently been in a strong trend is making countertrend move called "correction", you can look for a resumption of the prior trend to enter again at a favorable price - applying e.g. PVSRA or whatever method you follow. Or you may find that the PA is starting to break down indicating the prior trend on the higher timeframe has exhausted itself and you start to look to either enter a new trade in the direction of the new trend or close you position to take profits. So the word "trend" is what I'm talking about.

BTW trend is the driving force behind SonicR Classic rarely seen here recently, worth considering it. Hope it's clear now.
Mind the gap
  • #62,694
  • Edited 4:04pm Nov 26, 2013 3:50pm | Edited 4:04pm
Quoting Sunbrella
{quote} You say "PVSRA shows BEARS signs". I say "without considering the trend on the higher timeframe". That's why we went another 200 pips higher since your post quoted earlier. It is not aginst you or anyone else, just a simple fact. Trend on the higher timeframe counts. It is meant to put the current move of the market in context for you - yet, rarely mentioned here. If you see an instrument that has recently been in a strong trend is making countertrend move called "correction", you can look for a resumption of the prior trend to enter again...
I follow at the moment exactly PVSRA yes! PVSRA shows bears signs, as I already posted few days ago and as TAH posted multiple EJ analysis today. Totally agree with him at the moment and totally agree with users who followed PVSRA and who are seeing bear signs. Signs on the chart not changing anymore, bear signs won't turn into bull signs anymore. No need to argue, if you are seeing bull signs it doesn't change my opinion of bears. End of story

Btw sonic system works best on M15, PVSRA works best for me on M15 and H1.
Whatever is obvious is obviously wrong!"
  • #62,695
  • Nov 26, 2013 4:07pm Nov 26, 2013 4:07pm
Quoting Sunbrella
{quote} You say "PVSRA shows BEARS signs". I say "without considering the trend on the higher timeframe". That's why we went another 200 pips higher since your post quoted earlier. It is not aginst you or anyone else, just a simple fact. Trend on the higher timeframe counts. It is meant to put the current move of the market in context for you - yet, rarely mentioned here. If you see an instrument that has recently been in a strong trend is making countertrend move called "correction", you can look for a resumption of the prior trend to enter again...
  • #62,696
  • Edited 5:42pm Nov 26, 2013 5:25pm | Edited 5:42pm
Quoting loeil
GU - test? Considering all those earlier bearish signs, it seems like possible test or just greed. {image}
There is nothing bearish about either EU,GU, EJ OR GJ right now! At least not yet! The presence of support or resistance in the direction of price movement does not automatically mean price will respect them! Support and resistance levels are constantly being created and broken. It is becoming increasingly clear that you have absolutely no idea what you are doing! Your so called analysis and entries are just glorified gambles which you call PVSRA when it works out and MM manipulations when it doesnt!!! The same can be done for a coin toss entry strategy!!! Sonic R is not interpreted the way you are doing it! The pound and franc(and by extension the euro) are the strongest currencies across board right now and no MM is selling them!! Check all 28 currency pairs on your platform. TRENDS dont just change like that. It takes massive volume and cash to cause a trend change. For example, EU has been in an uptrend since the 26th of July 2012. Since then the dragon as been twisting and turning its way upwards without ever breaking a lower swing low(of the dragon) since then. On the 6th of June 2013, Massive volume activity was recorded in the market and many were quick to started shouting TREND REVERSALS! Price did proceed to drop almost 620pips but only after recording a Higher Swing high at 1.3400. The Dragon then PROVED all that Massive high volume selling was simply partial profit taking by MMs and not a trend reversal as the dragon subsequently resumed its upward pilgrimage to higher highs as far as 1.3800 on te 26th of Oct, while many were still saying MMs were bearish and only pushing price further up to fill their own orders at better prices for better shorts!!! SOMETIMES THE MOST OBVIOUS SIGNS ARE THE ONES WE SIMPLY REFUSE TO ACKNOWLEDGE! You claim Sonic system works best on M15, BUT MI5 ARE REALLY ONLY MEANT FOR BETTER ENTRIES! True Sonic R analysis and trade setup is taken from Higher Timeframes. Sonicdeejay bagged over 3900pips in his best ever recorded trade! That trade was absolutely not setup from M15!!! In summary, FIRST we look at PRICE (for which the DRAGON helps us admirably!), then VOLUME, and lastly SUPPORT AND RESISTANCE! P-V-S-R-A! In that order! And the higher timeframes take preeminence in all analysis!
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  • #62,697
  • Nov 26, 2013 5:34pm Nov 26, 2013 5:34pm
SINCE LAST WEEK!...and you wonder why about 95% are losers?
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  • #62,698
  • Nov 26, 2013 5:35pm Nov 26, 2013 5:35pm
Trend?

What is meant by "trend" and what significance does it have?

By "trend" we refer to the overall direction of price action. On any chart, if PA goes lower left to upper right then the "trend" is up. If PA goes from upper left to lower right then the "trend" is down. But (you say), M15 might be down while DAY is up! So, what is the significance of the "trend", especially when it can vary from one time frame chart to another?

Simply put, if you go from a lower TF chart to a higher TF chart and the direction of the "trend" is different, then the lower TF chart is "trending" counter to the "trend" of the higher TF chart. Is this significant? When a lower TF chart shows the the "trend" is counter to that of a higher TF chart, then either a "correction" is taking place to the "trend" of the higher TF chart, or that higher TF chart "trend" is showing signs of weakening. So what?

Really, for trading the Sonic R. System it matters not at all, because no matter what the trend of a higher TF chart might be, a valid Sonic R. System setup on M15 can run very well whether it is with, or counter, to the trend on a higher TF chart. If there is any significance at all, then it is that the Take Profit level for a counter trend setup might be more conservative than for a setup that is with the trend on a higher TF chart. But, even that is not a reliable "rule" because a counter trend setup could potentially run further than a setup with the trend. It happens. It all depends on what "the market has decided".

The bottom line is this. You can spend your time trying to spot the beginnings and ends of trends on higher TF charts so that you can trade M15 setups accordingly. Or, you can simply look for valid setups on M15 and "....trade what the market gives."

Want to know what Master Sonicdeejay has to say about this? His most often repeated instruction is, "Let the Dragon and PA show the way."
  • #62,699
  • Nov 26, 2013 5:48pm Nov 26, 2013 5:48pm
EJ, Trending Up, Down or Changing?

Sonicers, we have stated our differing viewpoints. The fact is, none of us know how the price will move next, nor when it will undergo a change in "trend" on any TF chart. These are things we can never know because not even the "market" knows. After the "market" decides, we will find out. Accept that fact, or go on fighting windmills. Frankly, I wish I had kept my mouth shut on the subject because, right or wrong, I am totally bored with the pair after analyzing this chart........
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  • #62,700
  • Edited 6:20pm Nov 26, 2013 6:06pm | Edited 6:20pm
Quoting traderathome
Trend? What is meant by "trend" and what significance does it have? By "trend" we refer to the overall direction of price action. On any chart, if PA goes lower left to upper right then the "trend" is up. If PA goes from upper left to lower right then the "trend" is down. But (you say), M15 might be down while DAY is up! So, what is the significance of the "trend", especially when it can vary from one time frame chart to another? Simply put, if you go from a lower TF chart to a higher TF chart and the direction of the "trend" is different, then...
EXACTLY! LET THE DRAGON AND PA SHOW THE WAY!!!
The Dragon and PA on HTF shows us the way... for DIRECTION!!!
The Dragon and PA on LTF shows us the way... for ENTRIES!!!
How much more simpler can it be???
Backtest it easily for yourself and stand in awe at how much would have been made simply following this trade philosophy on any of the Major pairs or any pair for that matter!!! And you know what the EDGE is? Trends on the hIghER TIMEFRAMES dont change easily!!!No mathematical calculations, permutations, combinations or volume indications will ever make COUNTER-TREND TRADES HIGHER PROBABILITY THAN TRADING WITH THE BIG BOYS! The saying is true that THE TREND IS YOUR FRIEND! FOR A REASON! They may whip around PRICE on the lower timeframes confusing the living daylights out of those living down there, but bottom line is the MMs are not as FICKLE as we make them out to be. They really only invest in the market once in a while, then they sit back and watch the carnage as so called bulls and bears tear themselves apart with conspiracy theories(for which they have the copywright! ), meanwhile PRICE( The Dragon!) serenely meanders its way to the simple destination they sent it in the first place! All the bulls and bears have of course finished slauggghhhteringgg themselves by the time they(MMs ) have finished laughing their way to the bank! Oops! Sorry I forgot! THEY ARE THE BANK!!!
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